US Banking Crisis - Part 3

This is part 3 of a 3 part series on the credit crisis.  In this final video, the speaker discusses how this financial sector situation is affecting the dollar and pushing gold and other commodities higher. 

In reviewing the Dow Jones Industrial futures, he notes how the market is stalling against major resistance.  He believes that it will be very tough for the market to move higher until the financial markets stabilize.  Pumping liquidity into the market to pay down debts is not going to stimulate the economy.  He believes that it was a good time to buy put options on the market back in early 2008. 

He mentioned that bank balance sheets have deteriorated much faster and far worse than they did during the market meltdown in 2000 to 2002.